Friday, June 02, 2017
Nutriceutical Holdings (NH), parent company of Physician Recommended Nutriceuticals (PRN) and Veterinarian Recommended Solutions (VRS), and KD Pharma Group have decided to join forces through a direct investment in Nutriceutical Holdings by KD Pharma Group. KD Pharma Group will become the largest shareholder in Nutriceutical Holdings with the option to acquire the entire company.
"We believe we have found the ideal partner in KD. They are committed to growing the NH companies by providing us with supply chain certainty and superior Omega-3 manufacturing technology that can help us excel within a competitive Omega-3 landscape," said PRN CEO, Ken Krieg. "We are pleased to have a capital partner that shares our vision for growing PRN and VRS."
"We are extremely excited to be partnering with a fast-growing company that shares our passion for product excellence," says KD Pharma CEO, Oscar Groet. "The investment in NH gives KD growth opportunities in two rapidly growing markets for Omega 3, eye and animal health."